Risk, Monopoly, and a game about banking

Do not pass Go. Do not collect $200. And do not play Monopoly, if you want to learn about finance. Instead, play a game that Vincent Thunus, head of regulation and best banking practice at the European Investment Bank developed to teach interested high-school students in Luxembourg about what kinds of risks banks (and thereby, its shareholders and clients) may face, and what banks need to do to manage those risks.

So we invited two other colleagues, Sophie and Chris, to sit down with us and Vincent to play the game with us, and make it very plain to us what is credit risk, liquidity risk, interest rate risk, foreign exchange rate risk, and other risks.

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